Ellington Financial (EFC) Stock Price, News & Analysis

Company Overview

Ellington Financial Inc., through its subsidiary, Ellington Financial Operating Partnership LLC, acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States. The company acquires and manages residential mortgage-backed securities (RMBS) backed by prime jumbo, Alt-A, manufactured housing, and subprime mortgage; RMBS for which the principal and interest payments are guaranteed by the U.S. government agency or the U.S. government-sponsored entity; residential mortgage loans; commercial mortgage-backed securities; and commercial mortgage loans and other commercial real estate debt. It also provides collateralized loan obligations; mortgage-related and non-mortgage-related derivatives; corporate debt and equity securities; corporate loans; and other strategic investments; and consumer loans and asset-backed securities backed by consumer and commercial assets. The company qualifies as a real estate investment trust (REIT) for federal income tax purposes. As a REIT, it intends to distribute at least 90% of its taxable income as dividends to shareholders. Ellington Financial LLC was incorporated in 2007 and is headquartered in Old Greenwich, Connecticut.

Key Stats

• Today's Range: $12.57 to $12.67
• 50-Day Range: $12.37 to $13.38
• 52-Week Range: $10.88 to $13.46
• Volume: 250,525 shs
• Average Volume: 969,130 shs
• Market Capitalization: $1.07 billion
• P/E Ratio: 10.35
• Dividend Yield: 12.35%
• Price Target: $13.56
• Consensus Rating: Moderate Buy

Ellington Financial Stock Analysis - MarketRank™

Ellington Financial scored higher than 53% of companies evaluated by MarketBeat, and ranked 596th out of 899 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Ellington Financial has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Ellington Financial has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 21.90%

Earnings Growth

Earnings for Ellington Financial are expected to grow by 21.90% in the coming year, from $1.37 to $1.67 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Ellington Financial is 10.35, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.07.

Price to Earnings Ratio vs. Sector

The P/E ratio of Ellington Financial is 10.35, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 50.94.

Price to Book Value per Share Ratio

Ellington Financial has a P/B Ratio of 0.73. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.30% of the outstanding shares of Ellington Financial have been sold short.

Short Interest Ratio / Days to Cover

Ellington Financial has a short interest ratio ("days to cover") of 4.6.

Change versus previous month

Short interest in Ellington Financial has recently increased by 22.89%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Ellington Financial is a leading dividend payer. It pays a dividend yield of 12.33%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Ellington Financial does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Ellington Financial is 243.75%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Ellington Financial will have a dividend payout ratio of 93.41% in the coming year. This indicates that Ellington Financial may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

5.30% of the outstanding shares of Ellington Financial have been sold short.

Short Interest Ratio / Days to Cover

Ellington Financial has a short interest ratio ("days to cover") of 4.6.

Change versus previous month

Short interest in Ellington Financial has recently increased by 22.89%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.41

News Sentiment

Ellington Financial has a news sentiment score of 0.41. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.53 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Ellington Financial this week, compared to 3 articles on an average week.

Search Interest

Only 26 people have searched for EFC on MarketBeat in the last 30 days. This is a decrease of -24% compared to the previous 30 days.

MarketBeat Follows

7 people have added Ellington Financial to their MarketBeat watchlist in the last 30 days. This is an increase of 250% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Ellington Financial insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $174,720.00 in company stock.

Percentage Held by Insiders

Only 4.40% of the stock of Ellington Financial is held by insiders.

Percentage Held by Institutions

55.62% of the stock of Ellington Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

EFC Stock Analysis - Frequently Asked Questions

How have EFC shares performed this year?

Ellington Financial's stock was trading at $12.71 at the beginning of 2024. Since then, EFC stock has decreased by 0.6% and is now trading at $12.63.
View the best growth stocks for 2024 here.

How were Ellington Financial's earnings last quarter?

Ellington Financial Inc. (NYSE:EFC) issued its earnings results on Tuesday, August, 6th. The financial services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by $0.03. The financial services provider earned $33.60 million during the quarter, compared to analysts' expectations of $37.20 million. Ellington Financial had a net margin of 103.55% and a trailing twelve-month return on equity of 9.76%.

Who are Ellington Financial's major shareholders?

Ellington Financial's top institutional investors include Global Retirement Partners LLC (0.06%), SG Americas Securities LLC (0.06%), Louisiana State Employees Retirement System (0.05%) and Everence Capital Management Inc. (0.02%).
View institutional ownership trends.

How do I buy shares of Ellington Financial?

Shares of EFC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Ellington Financial own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Ellington Financial investors own include JPMorgan Nasdaq Equity Premium Income ETF (JEPQ), Symbotic (SYM), Voya Infrastructure, Industrials and Materials Fund (IDE), Rithm Capital (RITM), AGNC Investment (AGNC), Enterprise Products Partners (EPD) and Energy Transfer (ET).

Company Calendar

• Last Earnings: 8/06/2024
• Ex-Dividend for 10/25 Dividend: 9/30/2024
• Today: 10/24/2024
• Dividend Payable: 10/25/2024
• Ex-Dividend for 11/25 Dividend: 10/31/2024
• Next Earnings (Confirmed): 11/06/2024
• Dividend Payable: 11/25/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate
• Sub-Industry: Real Estate
• Current Symbol: NYSE:EFC
• CUSIP: N/A
• CIK: 1411342
• Web: www.ellingtonfinancial.com
• Phone: (203) 698-1200
• Fax: 203-698-0869
• Employees: 400
• Year Founded: 2007

Price Target and Rating

• Average Stock Price Target: $13.56
• High Stock Price Target: $14.00
• Low Stock Price Target: $13.25
• Potential Upside/Downside: +7.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.60
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.64
• Trailing P/E Ratio: 10.35
• Forward P/E Ratio: 9.22
• P/E Growth: N/A
• Net Income: $84.81 million
• Net Margins: 103.55%
• Pretax Margin: 92.59%
• Return on Equity: 9.76%
• Return on Assets: 0.75%

Debt

• Debt-to-Equity Ratio: 10.84
• Current Ratio: 73.16
• Quick Ratio: 73.16

Sales & Book Value

• Annual Sales: $282.97 million
• Price / Sales: 3.80
• Cash Flow: $1.72 per share
• Price / Cash Flow: 7.33
• Book Value: $17.35 per share
• Price / Book: 0.73

Miscellaneous

• Outstanding Shares: 85,042,000
• Free Float: 83,105,000
• Market Cap: $1.07 billion
• Optionable: Optionable
• Beta: 1.98